Oh B-1 can no beat

Oh B-1 can no beat

Oh B-1 can no beat.   That title was supposed to sound like the Star Wars character Obi-Wan Kenobi. Yeah I know it’s a stretch, but bear with me.   The reason I chose that title is because B-1 is the lot number of a Lonnie Deal we have down in Acworth. And I want to tell you about it because, to reference Star Wars again, “the force is strong…

Lonnie Deals in Action

Lonnie Deals in Action

Today is a bittersweet day. We had a Lonnie Deal payoff for the very first time in over six years. It’s bitter because we just lost the $275 income stream this deal was paying us and now we have to go out and replace that money.   It’s sweet because I just got a text from my good friend named Mike Hicks. Mike’s a smart investor up in the Rossville…

Lonnie Deals are financial boomerangs

Lonnie Deals are financial boomerangs

Lonnie Deals are financial boomerangs:   I want to tell you about one of my favorite deal structures: the Lonnie Deal. That’s when an investor buys a mobile home on a rented lot for cash and resells it, offering owner financing to the buyer.   The reason I love them so much is they fit into any investor’s portfolio at any experience level. They work especially well for beginning investors….

Six degrees and six vacancies… Oh shazbot!

Six degrees and six vacancies... Oh shazbot!

Six degrees and six vacancies… Oh shazbot!   It’s six degrees outside. Well not exactly. Technically it’s in the teens, but with the wind chill, it feels like six degrees. Needless to say, this is not normal weather in Georgia. There’s ice and snow everywhere. And as I lay in bed this morning, all I could think about was all the ways this weather could affect the six vacant houses…

Work to learn, not to earn

Work to learn, not to earn

Work to learn, not to earn:   There are concepts that have truly life-altering effects. For us, the idea of working to learn, not to earn was one of them. This notion came from a book we read called “Rich Dad Poor Dad” by Robert Kiyosaki.   If you’ve never read that book, please do. It’ll change the way you look at money, your job and investing forever.   In…

Easy on the people, hard on the problem

Easy on the people, hard on the problem

Easy on the people, hard on the problem   I learned my property management system from David Tilney. He has a fantastic course that will change the way you view land lording in general. One of the things David says is, “Be easy on the people but hard on the problem.”   Truthfully, when I heard this, I had no idea what David was saying.   My first real-world teacher,…

Do your notes need to carry interest?

Do your notes need to carry interest?

Do your notes need to carry interest?   I was at worship the other day with a five-yea- old who was trying to sell his Rubik’s Cube.  I didn’t know they still make those things, but for fun, I played along and asked him how much he wanted for the toy.   Tyner:  “Nine hundred sixteen”. Me:  “Nine hundred sixteen what?” Tyner:  “Cents.” Me:  “OK, how about this; I can…

Park manager are the key to Lonnie Deals

Park manager are the key to Lonnie Deals

Park manager are the key to Lonnie Deals:   I am a huge fan of mobile homes. Dollar for dollar, I see no other investment that compares to the great returns you can achieve with these properties.   Returns typically run from 33 to 120 percent… or more. Did that get your attention?   If it didn’t, let me explain. Anytime you hear the words “return” or “yield” and see…

Is gold a better investment than real estate?

Is gold a better investment than real estate?

A friend recently told me about a company with a cool concept. They catch phrase is, “turn worthless dollars into gold”.   “Worthless dollars” makes reference to the U.S. dollar no longer being backed by gold. The company allows its customers to buy gold one gram at a time for $60. This makes the concept of owning gold attainable for the masses. As I am writing this, gold is running…